A landmark ruling by the Constitutional Court on garnishee orders will not be applied retrospectively.
Category - Borrowing
Debt review is not as simple as handing over your bills to a debt counsellor – you have to keep track of your credit provider statements
RainFin is a crowdfunding platform whereby small businesses can get loans from individual investors, thereby cutting out the middleman.
I often receive complaints from people who have signed agreements they haven’t fully understood. Unfortunately there is little recourse for the consumer in such cases. Take time to read the fine print.
In order to evaluate the potential risk posed by lending money to consumers, banks will buy people's credit files from a credit bureau.
There are many fraudsters pretending to be credit providers and asking for money upfront, only to disappear once they have your money.
Don’t let banks bully you into taking on unnecessary credit just so you can build up a credit record.
Don't fall into the trap of taking on unnecessary consumption debt in a misguided attempt to build up your credit record.
Debt consolidation is not necessarily a solution to a debt problem. You need to make adjustments to your budget so that you do not access further credit.
Proposals to curb the costs of borrowing will be welcomed, but a likely consequence is that less credit will be available.